If the Confederate flag is finally going to be consigned to museums as an ugly symbol of racism, what about the beloved film offering the most iconic glimpse of that flag in American culture?

I’m talking, of course, about “Gone with the Wind,’’ which won a then-record eight Academy Awards, including Best Picture of 1939, and still ranks as the all-time North American box-office champ with $1.6 billion worth of tickets sold here when adjusted for inflation.

Fred Crane (from left), Vivien Leigh and George Reeves in the 1939 classic “Gone with the Wind.”Everett Collection

The more subtle racism of “Gone with the Wind’’ is in some ways more insidious, going to great lengths to enshrine the myth that the Civil War wasn’t fought over slavery — an institution the film unabashedly romanticizes.

Apparently someone at the motion picture academy — possibly president Cheryl Boone Isaacs, who is African-American — agrees. “The Wizard of Oz’’ got a special 75th anniversary tribute at the same Oscar ceremony where “12 Years’’ won Best Picture. “Gone with the Wind,’’ which beat “The Wizard of Oz’’ for Best Picture, barely rated a mention during an Oscar segment on 1939 movies.

Based on a best seller by die-hard Southerner Margaret Mitchell, “Gone with the Wind’’ buys heavily into the idea that the Civil War was a noble lost cause and casts Yankees and Yankee sympathizers as the villains, both during the war and during Reconstruction.

Producer David O. Selznick, a liberal Jew, did temper Mitchell’s vision somewhat, banning the N-word but allowing a lot of references to “darkies.’’ There is no direct reference in the film to the Ku Klux Klan, but it’s still pretty clear that the unseen “political meeting’’ that Rhett and Ashley attend after the attack on Scarlett involves the activities of vigilantes in white sheets.

Warner Bros., which has owned “GWTW’’ since 1996, resisted any analysis of the film’s problematic racial politics until a 26-minute featurette was included with last year’s Blu-ray set. In it, black and white scholars discuss the film’s embrace of the view propagated by (mostly Southern) post-Civil War historians that slavery wasn’t such a bad thing.

We now know better, even if there are many other great things about “GWTW’’ — among them its sweep, its gorgeous Technicolor photography and its unforgettable performances by Vivien Leigh, Clark Gable and the film’s emotional center, Hattie McDaniel, the first black performer to win an Oscar as the subversive Mammy.

Vivien Leigh (left) and Hattie McDaniel.Everett Collection

But what does it say about us as a nation if we continue to embrace a movie that, in the final analysis, stands for many of the same things as the Confederate flag that flutters so dramatically over the dead and wounded soldiers at the Atlanta train station just before the “GWTW’’ intermission?

Warner Bros. just stopped licensing another of pop culture’s most visible uses of the Confederate flag — toy replicas of the General Lee, an orange Dodge Charger from “The Dukes of Hazzard’’ — as retailers like Amazon and Walmart have finally backed away from selling merchandise with that racist symbol.

That studio sent “Gone with the Wind’’ back into theaters for its 75th anniversary in partnership with its sister company Turner Classic Movies in 2014, but I have a feeling the movie’s days as a cash cow are numbered. It’s showing on July 4 at the Museum of Modern Art as part of the museum’s salute to the 100th anniversary of Technicolor — and maybe that’s where this much-loved but undeniably racist artifact really belongs.